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US hiring shows surprise surge as unemployment falls
US hiring shows surprise surge as unemployment falls
by  AFP

Hiring in the United States picked up pace in April and unemployment returned to the lowest level in decades, government data showed Friday, defying expectations of a slowdown despite higher interest rates.

Germany considers electricity price cap for industry
Germany considers electricity price cap for industry
by  AFP

Germany's Economy Minister Robert Habeck on Friday presented plans to cap the price of electricity used by energy-intensive industries to insulate the sector against sharp cost increases, but the proposal immediately sparked criticism.

HSBC seeks to keep bank intact as shareholders vote on split
HSBC seeks to keep bank intact as shareholders vote on split
by  AFP

HSBC faced a vote by shareholders Friday over an activist proposal supported by the bank's largest stakeholder, Chinese insurer Ping An, to split the business as they seek better returns. Huang said the proposal would allow HSBC to retain control over a separate Asia business, adding that the bank's management had "exaggerated many of the costs and risks" associated with a split.

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